Personal finance can help us increase our cash flow. Keeping a track of our expenditures and spending patterns enables us to increase our cash flow. Tax planning, spending prudently, and careful budgeting ensure that we do not lose our hard-earned money on frivolous expenses. Personal finance is a term that covers managing your money as well as saving and investing. Personal finance is about meeting personal financial goals, whether it’s having enough for short-term financial needs, planning for retirement, or saving for your child’s college education. Personal finance is the process of planning and managing personal financial activities such as income. Gross annual income refers to all earnings before any deductions are generation, spending, saving, investing. The idea is to get your finances to the point where you are living within your means so you can build a solid foundation for the future. Additionally, paying attention to your cash flow management can help you become more aware of where your money is going — and help you make better choices in the long run.

Nazrin Farzana

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